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irakobra [83]
3 years ago
15

Hat's accounting records showed the following:

Business
1 answer:
levacccp [35]3 years ago
6 0

Answer:

D. $55,000

Explanation:

Sales = 250,000

Gross Profit = 250,000 x 40% = 100,000

Cost of goods sold = 250,000 - 100,000 = 150,000

Cost of good sold = Opening Inventory + Purchases - Closing Inventory

150,000 = 35,000 + 200,000 - Closing Inventory

150,000 = 235,000 - Closing Inventory

Closing Inventory = 235,000 - 150,000

Closing Inventory = 85,000

Inventory damaged by flood = 85,000 - 30,000 = 55,000

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<h2>Further Explanation</h2>

Bruce Henderson created the BCG growth-share matrix in 1968. He created this chart to assists companies on how to analyze their product line.

This chart has been used by many successful companies and it still plays a key role in business strategy till today.

<h3>The BCG growth-share matrix uses two dimensions to evaluate product.</h3>
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<h3>BCG matrix categorized product into four different groups, which include:</h3>
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LEARN MORE:

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<h3>What is Service-Profit Chain Model?</h3>

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